Isaac Cohanzad Acquires Office Property On Motor Avenue In Los Angeles For $12M

The property asset involved in this transaction is located at 3424, 3428, and 3440 Motor Avenue in Los Angeles. It is an office space with a total area of 23,570 square feet. The sale price for this property was $12,000,000, resulting in a price per square foot of $509. The land associated with this property spans 36,864 square feet, with a price per land square foot of $326.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $12,000,000
• Address: 3424, 3428, 3440 Motor Avenue, Los Angeles
• Market: Los Angeles

In this deal, the buyer of the property was Isaac Cohanzad, while the seller was David Etherton. T.C. Macker, representing WESTMAC Commercial Brokerage Company, acted as the seller's representative. It is worth noting that the property was sold to a developer in three separate transactions: 3418 Motor for $3,750,000, 3428 Motor for $3,750,000, and 3440 Motor for $4,500,000. The buyer intends to utilize the commercial zoned land for mixed-use purposes.